Nucor pledges long-term manufacturing commitment to Lexington at plant groundbreaking

URLhttps://journalnow.com/news/local/business/develop
SourceWinston-Salem Journal
Date Published08/25/2023
Author NameRichard Craver

Additional Reshoring Information:

Company/Division name Nucor Corporation
Parent companyNucor Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):180
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):350
City reshored to:Lexington
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredrebar
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training, State, tax incentive, JDIG fund, Com. College jobs
Government Incentive dollar amount:Total from above: $35,614,000
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